AU: 1800 993 100 NZ: 0800 560 006
info@directfx.com.au

Last modified on February 22nd, 2018 10:27 pm

When converting New Zealand dollars (NZD) to United States dollars (USD), or USD to NZD, with Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/USD currency conversion rates.

NZD/USD Overview: The US is New Zealand’s second largest export market and third in import terms. This had made the NZD to USD exchange rate a focus of our money transfer team for many years. The NZD/USD exchange rate can be volatile at times, especially during peaks and troughs of the cash rate cycles. The NZD is considered a “growth” currency, and the USD a “safe haven” currency. Our team will help you interpret market conditions when you make your currency transfer.

Historical Ranges: 1 year 5 years 10 years
NZD/USD .6817 – .7484 .6072 – .8834 .4893 – .8841

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         US Federal Reserve (FED): 1.25% to 1.50%

We provide insight into the NZ dollar and US dollar currency pair (NZD/USD) by reporting trends, market news and providing relative currency charts.

Click here for NZDUSD charts

The New Zealand Dollar (NZD) posted further losses against the US Dollar (USD) as speculation the US economy could be building on growth faster than previously thought. FOMC minutes cautioned an imbalance in financial markets may emerge as the economy starts to operate above its expected potential. The New Zealand Dollar trades at 0.7320 well lower than previous week high of 0.7435 in a market environment where we are seeing a lot of head scratching going on. Support is now seen at 0.7250. This is seen as the 50% retracement of the previous range suggesting we could see a reversal bounce higher. NZ retail Sales print Friday could be the support the New Zealand Dollar (NZD) needs.

 

Exchange Rates

The current interbank midrate is:NZDUSD 0.7341

The interbank range this week has been:NZDUSD 0.7308 – 0.7435

Click here for NZDUSD charts

The New Zealand Dollar has out-muscled the US Dollar again over the last few days. Remaining at near 6 month highs it remains popular through most trading sessions as investors remain optimistic. Late Friday saw a slight return to normality after the US Building Permits came in better than expected dropping the kiwi back half a cent to trade around 0.7400 the figure at the NY close to the week. Momentum is still seen to the upside for the NZD with Global Dairy Trade Auctions (GDT) tonight expected to be positive for dairy Farmers and give the kiwi further support leading into the Retail Sales Friday. Buyers of USD should consider at current levels with markets still volatile, anything could eventuate.

Exchange Rates

Current Level: 0.7370

Resistance: 0.7409

Support:0.7350

Last Week’s Range: 0.7247 – 0.7435

Click here for NZDUSD charts

The New Zealand Dollar (NZD) opened the week trading at 0.7240 and has appreciated against the US Dollar (USD) improving on better than expected NZ inflation expectations and a terrible midweek US Retail number. From 0.7400 Friday the New Zealand Dollar may look to retest 0.7555 high of July 2017 as it seems it will take material influence to knock the kiwi off its lofty throne in the near term. With momentum extremely strong amid a risk on market, short term resistance of 0.7420 is key. Buyers of the US Dollars could think about buying at these levels with uncertainty still in the air prices around 0.7350 are historically very good.

 

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7405

The interbank range this week has been:NZDUSD 0.7199 – 0.7411

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) closed the week higher against the United States dollar (USD), well up on the midweek low of 0.7180 and pushing as high as 0.7270 post Monday’s open. Looking fairly robust as always it should continue to appreciate back to early Feb highs of 0.7400 as risk on becomes the flavor. Friday’s NZ Retail figures will be key to this. The other release to keep an eye on this week will be US inflation which hits the wires on Wednesday night. A strong US inflation result will push US interest rates higher again, which could easily spark another wobble in the equity markets and result in another wave of “risk off” sentiment in currencies.

NZD/USD Exchange Rates

Current Level: 0.7259

Support: 0.7200

Resistance:0.7260

Last Week’s Range:0.7178 – 0.7349

NZD/USD

Click here for NZDUSD charts

The New Zealand Dollar (NZD) edged higher Wednesday to post a high of 0.7350 before being sold off in all trading sessions. The RBNZ statement Thursday offered little upside for the NZD reaching a fresh low of 0.7200 as investors sold the NZD. With the kiwi trading at a monthly low we look for next week’s quarterly inflation expectations to provide further support back above 0.7300.  Medium term support still sits at 0.7200 being the 50% retracement of the previous low of 0.6800.

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7224

The interbank range this week has been:NZDUSD 0.7178 – 0.7405

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) has wilted in the post NFP USD rally and opens this morning around 0.7285. It’s hard to see it being sold down too far ahead of tomorrow’s dairy auction and then Thursday’s RBNZ statement. The pressure is now on the NZD as USD data continues to be solid and US rate hike expectations increase for perhaps 4 rises over the year. Light trading to feature over the next two days and we expect 0.7250 to hold any declines in the short term. We remain NZD bearish against the United States Dollar (NZD/USD).

NZD/USD Exchange Rates

Current Level: 0.7292

Support:  0.7120

Resistance: 0.7420

Last Week’s Range: 0.7279 – 0.7402

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) continues to box above its weight against the United States dollar (USD), spiking to 0.7418 overnight. It is now back at 0.7371 and looks well supported. There is no main data out for the NZD until next week when we will have another global dairy auction, employment data and the RBNZ announcement. Until then the NZD will be driven by offshore forces, current high NZD levels look increasingly stretched.

 

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7375

The interbank range this week has been:NZDUSD 0.7281 – 0.7393

NZD/USD

Click here for NZDUSD charts

The 0.7300 support level remains a pivotal level for the New Zealand dollar (NZD) to hold. This week with little local data, it will be all about offshore movements and with plenty of headlines out from the US this week has potential to be volatile. We expect consolidation trading ahead of the Fed meeting at current levels but any breakdown through 0.7300 would likely quickly extend to the 0.7250 region for the NZD/USD cross.

NZD/USD Exchange Rates

Current level: 0.7334

Support:0.7300

Resistance:0.7350

Last Week’s Range: 0.7292 – 0.7434

NZD/USD

Click here for NZDUSD charts

The NZD was on a tear this week rallying to a high of 0.7434, the highest level since September 2017. However, it was knocked back yesterday by CPI data that fell well below expectations, dropping to the 0.7336 level. Overnight the NZD has retreated further after President Trump’s comments on a stronger USD saw the Greenback rally, pushing the NZD back to the 0.7324 region. The 0.7300 support is now critical, a break of this level would see a run to 0.7250 and below. With NZ fundamentals on the turn, low inflation, dropping business confidence levels pitted against a US economy that is accelerating and at least 3 Fed rate hikes now probable over the next year, current NZD levels look unsustainable.

 

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7338

The interbank range this week has been:NZDUSD 0.7269 – 0.7434

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) continues to hold above 0.7300 and is now building a more solid base with the weaker US tone on the US government shutdown helping. We remain sceptical that fundamentals will remain supportive, but at the moment the trend for the NZD/USD is up. A break over 0.7340 would target 0.7355 but any snap-back in the USD as next month’s Fed rate decision approaches will knock the NZD. Current levels look attractive for sellers of NZD.

NZD/USD Exchange Rates

Current Level: 0.7317

Support: 0.7150

Resistance: 0.7340

Last Week’s Range: 0.7236 – 0.7331

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) is still trying to breathe the rarified air above the 0.7300 level against the United States dollar (USD) where it looks as if it is now gasping for air. Over the last 3 days each high has been lower than the last, 0.7329,0.7319,0.7310. The better Global Dairy auction result was supportive but this effect looks as if it is now wearing off. If a US shutdown can be averted, look for the NZD to feel the heat into next week, in which case 0.7150 beckons.

 

NZD/USD Exchange Rates

The current interbank midrate is:  NZDUSD 0.7295

The interbank range this week has been: NZDUSD 0.7220 – 0.7331

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) is on a tear against the USD, reaching an overnight high of 0.7313 the highest level since the end of September 2017. It is now back a little at 0.7290, immediate resistance is 0.7326 then 0.7360. The NZD remains bullish as the weaker USD tone persists, but NZD values look overextended at these levels and the Global Dairy auction results overnight may be pivotal, as if prices follow-on from last fortnight’s increase, look for the NZD to extend gains, however if prices resume to their previous slide this may be provide a catalyst for profit taking.

NZD/USD Exchange Rates

Current Level: 0.7304

Support: 0.7150

Resistance: 0.7360

Last Week’s Range: 0.7142 – 0.7307

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) has forged higher over the last few days on the back of a stronger AUD and weaker USD. After opening the week around the 0.7140 the NZD/USD is currently trading up at 0.7270 and although looks to be overbought on very thin underlying fundamentals, the breach of the 0.7245/50 level now targets 0.7300. Immediate support is at 0.7240/45 a break of which would run to the 0.7200 region. Given further US Fed rate hikes are anticipated and in the absence of stronger domestic NZ fundamentals, current levels for sellers of NZD look attractive. Tonight’s US CPI and retail has the power to influence current levels.

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7256

The interbank range this week has been:NZDUSD 0.7142 – 0.7276

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) continues to hold onto most of its previous gains against the United States dollar (USD). The NZD/USD is currently trading around 0.7175 and although the USD was stronger overnight we still favour a squeeze to test 0.7200 over the next day or so. There remains strong resistance at the 0.7200 level, but a close over 0.7200 would then target 0.7230/40.

NZD/USD Exchange Rates

Current Level: 0.7176

Support: 0.7050

Resistance: 0.7230

Last Week’s Range: 0.7075 – 0.7187

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) has been making solid gains against the United States dollar (USD) since early December. Those gains have continued over the Christmas and NY period despite a run of strong US economic releases that one might have suspected would support the USD. The general theme of the past couple of weeks has been broad based USD weakness, and we saw another bout of that last night. It’s hard to point a finger at anything in particular that is driving the move, and as such caution is warranted when looking for NZD/USD upside targets. It wouldn’t take much to turn the pair around and tonight we have the all-important monthly US employment report. That report may well make or break the current NZDUSD rally. As has been the case recently, it may well be the wage growth numbers that carry more weight than the headline jobs figure. There is solid resistance around the 0.7200 area which we suspect that will cap the gains ahead of the employment report.

 

NZD/USD Exchange Rates

The current interbank midrate is: NZDUSD 0.7154

The interbank range this week has been: NZDUSD 0.7072 – 0.7163

NZD/USD

Click here for NZDUSD charts

The New Zealand dollar (NZD) has made solid gains against the United States dollar (USD) over the course of December. The move extended this week as commodity currencies lead the gains against a broadly weaker USD. The NZD has traded to a high so far of 0.7099, and there is little to indicate the rally is over. Key trend support is now seen at 0.7045 and while the NZD holds above that level the risks remains skewed to the topside.

NZD/USD Exchange Rates

The current interbank midrate is: NZDUSD 0.7087

The interbank range this week has been: NZDUSD 0.7004 – 0.7099

NZD/USD

Click here for NZDUSD charts

The New Zealand (NZD) ends a week of choppy trading. Now sitting around the 0.7019 against the USD after being buffeted by the increased trade deficit and lower prices at the Global Dairy auction, with support coming in from the better GDP result. Given that the US tax legislation the NZD/USD has proved very resilient. Immediate resistance is now at 0.7030 which if broken could see a move back to test 0.7050. Support is at 0.7000 then 0.698.

NZD/USD Exchange Rates

Support: 0.6920

Resistance: 0.7030

NZD/USD

Click here for NZDUSD charts

Market volumes in the New Zealand (NZD) are starting to decrease as the holiday’s approach. After a high against the United States dollar (USD) of 0.7032 the NZD has drifted lower and now stands at 0.7003. Risk overnight is the Global Dairy auction result which if bad could see the NZD slip back into the 0.6975 zone. A stronger USD if the tax legislation is passed by the US Congress would increase downward pressure on the NZD. Tomorrows net migration, trade balance and the current account deficit are all due at 10:45am. For now upside looks capped at the 0.7020 level with the downside favoured.

NZD/USD Exchange Rates

Current Level: 0.7009

Support: 0.6920

Resistance: 0.7030

Last Week’s Range: 0.6916 – 0.7034

NZD/USD

Click here for NZDUSD charts

After several days of stellar gains where the New Zealand dollar (NZD) traded up to a high of 0.7026 against the United States dollar (USD) the NZD was knocked lower overnight on better USD data and profit taking as it started to look overextended. We now look for consolidation around the 0.6950 – 0.7000 level over the next week before another push back towards the 0.7020 level providing the USD remains subdued . However next week will see market volumes decrease as the holiday season kicks in.

NZD/USD Exchange Rates

The current interbank midrate is: NZDUSD 0.6984

The interbank range this week has been: NZDUSD 0.6823 – 0.7027

NZD/USD

Click here for NZDUSD charts

The New Zealand (NZD) began this week down at 0.6833 against the United States dollar (USD) after being dragged down by the poorly performing Australian dollar (AUD) towards the end of last week. After the news of the new Reserve Bank of New Zealand (RBNZ) Governor the NZD went on a tear, rallying hard to a high of 0.6928. There was little reason for such a bounce but it looks as if the market was a little short the NZD and this little bounce caused short sellers to liquidate their positions, exacerbating the move higher. Immediate resistance is now at 0.6944, with next stop at 0.6950 before 0.7000, but it is hard to see this NZD rally pushing on too hard, ahead of the US Fed meeting. Those looking to purchase USD should take advantage of the period of NZD strength.

NZD/USD Exchange Rates

Current Level: 0.6910

Support: 0.6820

Resistance: 0.6950 

Last week’s Range: 0.6823 – 0.6930

NZD/USD

Click here for NZDUSD charts

Lacklustre week for the NZD as has been dragged lower against the USD by the very average AUD…a solid US Non-farm payroll figure would likely push the NZD through support at 0.6820 into the 0.6750/85 region..

Exchange Rates

 Support: 0.6820

Resistance: 0.6920 


The NZD/USD was knocked around by yesterday’s business confidence figure dropping from 0.6887 to 0.6828 , now at 0.6838. This seems to be holding and resisted being sold below 0.6815 overnight. Holding around current levels would establish a good base to move higher next week into the 0.6850/90 region.

The current interbank midrate is: NZDUSD 0.6828

The interbank range this week has been: NZDUSD 0.6815-0.6945


The New Zealand dollar (NZD) has enjoyed a gradual trend higher this week against the United States dollar (USD) from a 0.6782 low early in the week. The move has mainly on the back of the weaker USD. The pair is now at 0.6885 looks like it may push onto 0.6900 over the next day or so. It starting to look very much like a cycle low has now been put in place and that should keep the focus on further gains in the NZD/USD.

The current interbank midrate is: NZDUSD 0.6880

The interbank range this week has been: NZDUSD 0.6782-0.6905


 

This mornings release of the Federal Open Market Committee’s (FOMC) minutes from it’s latest meeting have caused some USD weakness. There was a slight dovish overtone to the minutes which have raised a few doubts about a Fed interest rate hike in December, and that’s weighed on the USD. For what it’s worth, we still believe a December hike is very likely but the Fed could easily decide to hit the pause button after that. As a result of the United States dollar weakness the NZD/USD has climbed up to the 0.6880 area and it looks like it will try to head higher still. It’s starting to look like the pair may have made a cycle low late last week just under 0.6800, and a sustained move about 0.6880 would cement that view. We favour the NZDUSD heading higher over the coming days. Those looking to convert USD to NZD should consider trading sooner rather than later.

Last week’s range: 0.6782 – 0.6918


 

The New Zealand dollar (NZD) is now at 0.6809 against the United States dollar (USD), up from the 0.6779 low seen last Friday, however it looks soft and very susceptible to further USD strength. The NZD/USD seems to be establishing a lower trading range and with little data this week is likely to hold a 0.6780/0.6820 range over the next couple of days.

Current Level: 0.6800

Support: 0.6740

Resistance: 0.6850

Last week’s range: 0.6782 – 0.6918


 

The New Zealand dollar (NZD) as drifted lower against the United States dollar (USD) over the week from the 0.6917 high seen on Monday. It is now at 0.6860 and looks soft especially given the stronger USD tone. We feel the pair should hold current levels to end the week, but progress on the US tax reform package next week should keep NZD under pressure. The key level to watch is around 0.6820 in the wholesale market. Any significant break below there would be a bearish signal. If the NZDUSD fails to break below 0.6820 over the coming sessions, a recovery may we’ll develop.

The current interbank migrate is: NZDUSD 0.6879

The interbank range this week has been: NZDUSD 0.6836 – 0.6953


 

The New Zealand dollar (NZD) is back at levels seen last week against the United States dollar (USD). It is now at 0.6877 and should trade around current levels ahead of the US CPI and growth data. With the ongoing tax reform issues in the US the NZD should see some buying support, look for consolidation at current levels over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.6867 0.6820 0.6980 0.6862 – 0.6979

NZD/USD

The New Zealand dollar (NZD) having started the week at lows around 0.6874 against the United States dollar (USD) is now back at 0.6942 after yesterday’s less dovish Reserve Bank of New Zealand (RBNZ) statement. Also helping has been the USD pullback on the back of doubts around Trumps tax package. Continued USD weakness may see a move back over 0.7000 next week but with NZ data expected to be softer it will be hard work for the currency to sustain gains much above this level. Click here to access NZD/USD currency charts.

NZD/USD Exchange Rates: 

The current interbank midrate is: NZDUSD 0.6950

The interbank range this week has been: NZDUSD 0.6876 – 0.6979

NZD/USD
Direct FX – NZD to USD Exchange Rate

NZD/USD

The New Zealand dollar (NZD) opens higher this morning against the US dollar (USD), helped by the rally in commodity currencies overnight. It now at 0.6945 and looks to have built good support at lower levels but we don’t expect this rally to have “legs’ and extend too far ahead of the RBNZ announcement on Thursday. 0.6980 should hold advances ahead of that meeting. Tonight’s Global Dairy auction may provide a damper. Click here for (NZD/USD) currency charts.

Current Level Support Resistance Last week’s range
NZD/USD 0.6942 0.6820 0.6980 0.6832 – 0.6956

NZD/USD

The New Zealand dollar (NZD) has remained under pressure all week breaking down through support at 0.6860 last night. While NZD weakness on the back of the Labour coalition announcement is largely now priced into the market, declines in the past 48 hours have been driven by USD strength (NZD/USD). As Trumps tax plan overcomes hurdles, and the chance if it actually been implemented before Christmas increases, the USD is finding support.

The next key level to watch is the low from 11th May at 0.6820. Only time will tell if that can contain the decline, but from our point of view the (NZD/USD) pair has come a long way in a short space of time and it’s starting to look a little oversold. It wouldn’t take much to trigger a corrective bounce. We believe those with USD to convert to NZD should be taking advantage of this weakness. Click here for currency charts for NZD/USD.

The current interbank midrate is: NZD/USD 0.6830

The interbank range this week has been: NZD/USD 0.6819 – 0.7004

NZD/USD

The New Zealand dollar (NZD) remains under pressure against the USD. It should consolidate around current levels 0.6850 and we still expect some retracement of previous losses back to the 0.6980-0.7000 level, but will be tough given the US data due this week. A break of 0.6820 would open the door to 0.6775. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.6851 0.6820 0.6980 0.6819 – 0.6956

NZD/USD

Under pressure all week, the NZD has been breaking down through support at 0.6860 last night. While NZD weakness on the back of the Labour coalition announcement is largely now priced into the market, declines in the past 48 hours have been driven by USD strength. As Trumps tax plan overcomes hurdles, and the chance if it actually been implemented before Christmas increases, the USD is finding support.

The next key level to watch is the low from 11th May at 0.6820. Only time will tell if that can contain the decline, but from our point of view the pair has come a long way in a short space of time and it’s starting to look a little oversold. It wouldn’t take much to trigger a corrective bounce. We believe those with USD to convert to NZD should be taking advantage of this weakness. Click here for currency charts for NZD/USD.

The current interbank midrate is: NZD/USD 0.6830

The interbank range this week has been: NZD/USD 0.6819 – 0.7004

NZD/USD

Opening the week marginally softer, the NZD has slipped to 0.7166 yesterday, is now back at 0.7185 but with USD data to be solid, look for a test of 0.7150/0.7130 over the next few days. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7179 0.7130 0.7300 0.7167 – 0.7243

NZD/USD

The NZD has been remarkably resilient against the USD over this week. It is now at 0.7215 after low at 0.7165 earlier in the week. The pair should hold the 0.7200-0.7235 range to end this week and start next. The key levels to watch are support around 0.7170 and resistance around 0.7240. A break of either level will likely see the move extend. Click here for currency charts for NZD/USD.

The current interbank midrate is:    NZDUSD 0.7210

The interbank range this week has been:    NZDUSD 0.7167 – 0.7344

NZD/USD

Post election, the New Zealand dollar has been relatively subdued after the election produced a clear winner but no clear government. It is now at 0.7240 with tone to the downside on the risk-off tone and concerns around the coalition government. 0.7220-0.7300 should hold over the next couple of days. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7241 0.7150 0.7430 0.7252 – 0.7407

NZD/USD

It has been a week of poll driven whippy trading for the New Zealand dollar. It is now at 0.7290 after a high of 0.7431 2 days ago. It should stay around the 0.7270/0.7310 level heading into the weekend, but tomorrow’s result could provide plenty of action on Monday morning. A National win will likely see a small relief rally, while a Labour victory may well spark a sharp correction lower, at least temporarily. Click here for currency charts for NZD/USD.

The current interbank midrate is:    NZDUSD 0.7288

The interbank range this week has been:    NZDUSD 0.7229 – 0.7408

NZD to USD

The New Zealand dollar has had a whippy week with a 0.7320-0.7180 range against the USD (NZD/USD). It is now at 0.7225 and becoming very poll driven with only a week out from the election. The downside is still favoured given stronger US data. It should hold at current levels until next week with bias to downside of range. Click here for currency charts for NZD/USD.

The current interbank midrate is:    NZDUSD 0.7229

The interbank range this week has been:    NZDUSD 0.7187 – 0.7337

NZD/USD

After spiking to 0.7336 last Friday the New Zealand dollar (NZD) is back at 0.7250 close to the 0.7240 support. Given the stronger USD we look for the NZD to trade in the 0.7240-0.7290 range but with election jitters in the market downside is favored. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7232 0.7150 0.7300 0.7164 – 0.7337

NZD/USD

After a tough start to the week the New Zealand dollar is now up at 0.7290 against the USD, mainly on the back of weaker US data. The break above minor resistance around 0.7265/70 opens the way for a push onto 0.7300, but given the looming election hard to see much further progress from this level. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7290

The interbank range this week has been:    NZDUSD 0.7143 – 0.7294

NZD/USD

The New Zealand dollar dropped below major support at 0.7180 to trade at a low of 0.7132 against the United States dollar. It has bounced back to 0.7178 currently but looks soft and a solid US jobs figure tonight could see the NZD testing the 0.7132 level again. The 0.7200 level should cap any up moves short term, and we remain bearish for the kiwi heading into next week. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7176

The interbank range this week has been:    NZDUSD 0.7133 – 0.7298

NZD/USD

The New Zealand dollar as found its feet against the USD after a tough week last week. It is now at 0.7245 and should hold around current levels ahead of the US data dump in the next few days. Support at 0.7180 is critical to avert sustained moves lower as any break below that level would be a negative signal. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7228 0.7180 0.7280 0.7193 – 0.7328

The New Zealand dollar has been knocked lower against the USD over the week. It is now at 0.7203 but has been to 0.7190 overnight and it continues to look soft. We expect 0.7150 to be tested next week, but a lot will depend on exactly what Fed Chair Yellen says tonight. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7215

The interbank range this week has been:    NZDUSD 0.7193 – 0.7337

The New Zealand dollar has climbed back over 0.7300 against the United States Dollar mainly on the weaker USD. With little domestic data this week, NZD moves will be driven by offshore. With the current weaker US tone and more risk-on appetite we look for the NZD to stay in a 0.7315-0.7360 range for the next few days. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7319 0.7250 0.7400 0.7224 – 0.7337

The New Zealand Dollar has spiked to 0.7334 against the USD (NZD/USD)  over the week, but as the risk-off tone has become stronger in the later part of the week has fallen back below the 0.7300 mark. It should hold above 0.7250 over the next few days but the risk is to the downside and further weakness. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7285

The interbank range this week has been:    NZDUSD 0.7224 – 0.7335

The New Zealand dollar has been helped by the weaker US CPI but remains susceptible to any further uptick in risk-aversion. It’s now up slightly at 0.7300 USD with support 0.7250 that should hold in the near term. However, any United States dollar strength will test this level and tonight’s US retail sales data may be key in this respect. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7306 0.7250 0.7400 0.7252 – 0.7370

The New Zealand dollar has been knocked by the move to safe-havens and the RBNZ yesterday. It fell below support at 0.7340 to the United States dollar and is now at 0.7274. It should hold above 0.7250 unless tonight’s US data is good and/or the Korean situation deteriorates. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7261

The interbank range this week has been:    NZDUSD 0.7252 – 0.7455

NZD/USD

The New Zealand dollar has broken support at 0.7400 against the USD and immediate support at 0.7340 is now close. It should stay around current levels ahead of the RBNZ on Thursday but a break of 0.7340 would open the way to 0.7270/80. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7351 0.7340 0.7400 0.7348 – 0.7516

The New Zealand dollar has continued to soften against the USD over the week. It is now at 0.7432 in flat trading ahead of tonight’s US jobs figure which will be key in determining near term direction. The RBNZ next week should continue with a dovish tone so we see a test of the 0.7400 level over the next few days likely. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZDUSD 0.7429

The interbank range this week has been:    NZDUSD 0.7393 – 0.7524

The New Zealand dollar continued to surge against the USD for much of this week. Sharp gains were seen in the wake of yesterday’s FOMC statement. The move did look a little overdone yesterday, considering the Fed didn’t deliver any real surprise, and overnight we have seen a decent correction lower. It’s certainly too early to say the tide has turned on this period of USD weakness, but last night’s pull back from the highs does raise that question. If we get a solid US GDP figure tonight, that may well be enough to suggest a medium term high was been put in place yesterday at 0.7556. We look for consolidation around current level ahead of that GDP data.
The current interbank midrate is:    NZDUSD 0.7495

The interbank range this week has been:    NZDUSD 0.7395 – 0.7556

After failing to make significant gains against a broadly weakening USD in the first half of last week, the New Zealand dollar (NZD) eventually came to the party and jumped to a 10 month high on Friday at 0.7459. Since then the NZD/USD pair has been consolidating those gains trading back for fourth around the 0.7430 area. It may well be trying to build a base for another crack higher toward the 2016 high at 0.7485. I’m not convinced the NZD has the momentum to break above that high, at least not at the moment, so those looking to purchase USD in the near term should take advantage of any further strength we see. A large part of New Zealand dollars recent rally has been on the back of a broadly weakening United States dollar. Political paralysis in Washington has played a big part in driving the USD’s decline, and for tide to really turn on this move the market is going to need to believe the Trump administration can get some of its key policies passed into law. This week from the US we have the FOMC statement, which shouldn’t provide and major surprises, along with along with Durable Goods order and Advance GDP. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7437 0.7375 0.7485 0.7268 – 0.7459

NZD/USD

For much of this week the New Zealand dollar (NZD) struggled around the 0.7350 area, failing to make any real gains against the USD that was seeing across the board pressure. Tuesday’s soft NZ inflation result certainly played its part in keeping the NZD contained, but in the past 24 hours the local currency has shaken off the disappointing data and surged through to the highest level since August 2016. It really has all been about USD weakness with the political situation meaning it’s looking less and less likely the Trump administration will be able to get its “reflation” policies enacted. This latest jump higher in the NZD has now bought the August 2016 high of 0.7485 into range and the market may well look to target that over the coming sessions. Expect significant resistance as we approach that level however, and those looking to purchase United States Dollars should take advantage of this period of strength.  Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZD/USD 0.7402

The interbank range this week has been:    NZD/USD 0.7268 – 0.7414

After failing to make significant gains against a broadly weakening USD in the first half of last week, the New Zealand dollar eventually came to the party and jumped to 10 month highs on Friday at 0.7459. Since then the pair has been consolidating those gains trading back for fourth around the 0.7430 area. It may well be trying to build a base for another crack higher toward the 2016 high at 0.7485. I’m not convinced the NZD has the momentum to break above that high, at least not at the moment, so those looking to purchase USD in the near term should take advantage of any further strength we see. A large part of New Zealand dollars recent rally has been on the back of a broadly weakening United States dollar. Political paralysis in Washington has played a big part in driving the USD’s decline, and for tide to really turn on this move the market is going to need to believe the Trump administration can get some of its key policies passed into law. This week from the US we have the FOMC statement, which shouldn’t provide and major surprises, along with along with Durable Goods order and Advance GDP.

Current Level Support Resistance Last week’s range
NZD/USD 0.7437 0.7375 0.7485 0.7268 – 0.7459

After a very quiet start to the week, the New Zealand dollar has seen some good volatility in the last few days. Support for the NZD, that had been solid for 3 weeks or so, seemed to disappear as the currency melted away on Wednesday night down to a low of 0.7202. Last night however it was the United States dollar that came under pressure from a resurgent NZD as the local currency surged up through recent highs to briefly trade at 0.7368. Dovish comments from Fed officials in recent days seem to have hurt the USD, at least for now. Any further attempts to rally should continue to run into strong resistance between 0.7370 and 0.7400 and we favour selling into NZD strength. We don’t think these levels are going to be maintained for an extended period.
The current interbank midrate is:    NZDUSD 0.7318

The interbank range this week has been:    NZDUSD 0.7202 – 0.7368

The New Zealand dollar has been trapped in an increasingly tight range against the United States dollar over the past few weeks. Even Friday’s key US employment data couldn’t break the deadlock. Support comes in around 0.7250 with topside resistance around 0.7340, and these two levels have contained the pair for much of the past three weeks. Last night’s range was a decidedly anaemic 19 points! Although further attempts to rally can’t be ruled out, our view is that the greater risk is a significant pullback toward the 0.7000 area. At this stage however it’s hard to see what exactly could trigger that. In the meantime, those looking to purchase USD should take advantage of the current level, or any potential further strength we may see.

Current Level Support Resistance Last week’s range
NZD/USD 0.7251 0.7250 0.7340 0.7245 – 0.7310

The New Zealand dollar continues to struggle to hold levels above 0.7300. Now around 0.7286 and a move to 0.7250 beckons unless tonight’s US jobs data surprises.
The current interbank midrate is:    NZDUSD 0.7286

The interbank range this week has been:    NZDUSD 0.7245 – 0.7345

The New Zealand dollar seems to find the air over 0.7300 too thin to breath. Now at 0.7275, but given stronger USD data, the NZD ‘s golden run may be over for a while. It looks like 0.7250 beckons.

Current Level Support Resistance Last week’s range
NZD/USD 0.7280 0.7250 0.7325 0.7255 – 0.7345

NZD/USD

The New Zealand dollar has struggled this week and in spite of the solid fundamentals continuing it looks a little out of breath above the 0.7300 level. It is now at 0.7315 but next week’s US data will provide a challenge. Look for rallies to continue to run into willing sellers. Click here for currency charts for NZD/USD.
The current interbank midrate is:    NZD/USD 0.7320

The interbank range this week has been:    NZD/USD 0.7255 – 0.7341

On this cross the New Zealand dollar continues to perform solidly. It traded up to a 0.7310 high last night and is currently around 0.7291 after supportive trade data today. It has potential to test highs at 0.7320 with very supportive fundamentals, downside at 0.7250 unlikely to be tested over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7293 0.7250 0.7325 0.7207 – 0.7309

The New Zealand dollar looks to be marking time ahead of the RBNZ on Thursday. It should find some support overnight on the Global Dairy Auction result. 0.7170/0.7250 range should hold over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7229 0.7170 0.7250 0.7186 – 0.7317

A combination of softer than forecast NZ data and a largely unchanged outlook from the US Fed has seen the New Zealand dollar retreat from 4 month highs against the USD this week. There are tentative signs a top may have been put in place at 0.7317 and the risks are starting to swing back to the downside, although it’s too early to discount further attempts to rally. Initial resistance comes in around 0.7240 and if that level can cap any immediate periods of strength sellers will be encouraged and a deeper pullback could well unfold.
The current interbank midrate is:    NZDUSD 0.7208

The interbank range this week has been:    NZDUSD 0.7175 – 0.7317

NZD/USD

The New Zealand dollar is back over the 0.7200 mark after a dip to 0.7170 yesterday. It is now at 0.7217 and we look for the 0.7170-0.7250 range to persist ahead of the FOMC on Thursday which will be key for near term direction. Click here for currency charts for NZD/USD.

Current Level Support Resistance Last week’s range
NZD/USD 0.7221 0.7170 0.7250 0.7149 – 0.7224

The New Zealand dollar continues to have a good week, with more positive results news from Wednesday’s Global dairy auction adding to the solid fundamentals story. The NZD pushed over 0.7200 last night making a 3 month high at 0.7210. Now at 0.7204 and has 0.7250 in its sights, but will have to get through tonight’s multiple event risks.
The current interbank midrate is:    NZDUSD 0.7204

The interbank range this week has been:    NZDUSD 0.7059 – 0.7210

Momentum remains positive and the New Zealand dollar now looks happy over the 0.7100 level vs the US. With the US jobs data disappointing a move to the 0.7200 level looks more likely over the week as underlying New Zealand fundamentals continue to shine.

Current Level Support Resistance Last week’s range
NZD/USD 0.7149 0.7050 0.7150 0.7040 – 0.7158

The NZD continues to sit happily above the 0.7000 level after a high of 0.7120 3 days ago. Currently at 0.7070 should stay around this level until the US jobs data later tonight. We expect a pullback on the NZD should these figures be as good as expected, but 0.7000 support levels are expected to hold.
The current interbank midrate is:    NZDUSD 0.7070

The interbank range this week has been:    NZDUSD 0.7008 – 0.7118

The New Zealand has put in a solid performance over the last few days as it continues to hold above the USD 0.7000 level. It is currently trading around 0.7050 after a two month high at 0.7090 last night. We expect consolidation at current levels as we head into crucial US data later this week It is attracting buying interest on dips but upside is limited until US data figures have been digested.

Current Level Support Resistance Last week’s range
NZD/USD 0.7046 0.7000 0.7090 0.6989 – 0.7088

The New Zealand dollar has had a positive week supported by solid trade balance data and increasing dairy pay-out forecasts. These factors combined with the Fed minutes that seem to suggest a June rate hike isn’t a done deal just yet, helped to drive the NZDUSD up over 0.7000 eventually making a 0.7059 high. Resistance around 0.7060 has however caped the pair despite repeated attempts at the level. The continued failure to overcome 0.7060 may well see the pair eventually drift lower to initial support around 0.6950. Tonight’s US data in the form of Core Durable Goods Orders and Preliminary GDP will likely be key in determining if the pair can continue higher or not.
The current interbank midrate is:    NZDUSD 0.7016

The interbank range this week has been:    NZDUSD 0.6882 – 0.7059

After being knocked around last week the New Zealand dollar starts the week on a firmer tone breaking back over 0.6900 against the USD and now above 0.7000 as USD weakness persists. The 0.7015/20 area should cap rises today but with continued solid data look for the NZD to test 0.7050 later in the week, which if broken would open the way to 0.7090

Current Level Support Resistance Last week’s range
NZD/USD 0.7006 0.6900 0.7050 0.6863 – 0.7014

The New Zealand dollar has had a choppy few days trading as high as 0.6948 but now back at 0.6885. Given continued positive NZ economic data we expect back over 0.6900 again next week. Unfortunately the NZD looks likely to remain trapped within the 0.6850 to 0.6950 range for some time yet.
The current interbank midrate is:    NZDUSD 0.6885

The interbank range this week has been:    NZDUSD 0.6833 – 0.6949

The New Zealand dollar continues to trade sideways vs the USD between the broad parameters of 0.6850-0.6950. Supportive economic fundamentals are countered by the RBNZ’s very neutral policy stance. Tonight’s Global Dairy auction should be NZD supportive and we look for a move over 0.6900 in the next day or so.

Current Level Support Resistance Last week’s range
NZD/USD 0.6885 0.6840 0.6950 0.6819 – 0.6951

While economic fundamentals remain supportive, the more dovish than expected RBNZ statement yesterday knocked confidence in the New Zealand dollar. It is now at 0.6845, after an 11 month low at 0.6818 yesterday. It continues to look soft with 0.6900 providing upside cap heading into next week.
The current interbank midrate is:    NZDUSD 0.6839

The interbank range this week has been:    NZDUSD 0.6819 – 0.6951

The New Zealand dollar as bounced back against the USD, now up at 0.6914 from 0.6838 a week ago. Fundamentals are still New Zealand dollar supportive and with the RBNZ statement on Thursday expected to be supportive look for a push towards the 0.7000 level the week.

Current Level Support Resistance Last week’s range
NZD/USD 0.6903 0.6850 0.7000 0.6840 – 0.6968

The New Zealand dollar has not had a good few days against the USD. In spite of higher dairy prices and solid employment data it failed to hold a bounce to 0.6967, falling to a 0.6840 low last, night a level not seen since June 2016. It looks oversold and is now back at 0.6866 and we expect it to track higher over next week, but tonight’s US jobs data could keep selling pressure on. NZ’s fundamentals however remain sound.
The current interbank midrate is:    NZDUSD 0.6866

The interbank range this week has been:    NZDUSD 0.6840 – 0.6968

The New Zealand dollar has had a choppy week, falling to a low of 0.6846 against the USD, a level not seen since last May. This move down was all offshore driven as changes to the Canadian lumber and dairy imports were seen to have potential to affect the NZ trading situation so offshore investors sold the NZD. It has since recovered to 0.6930 and a push back over 0.7000 after the US payroll figures now looks possible. Fundamentals remain positive and NZD supportive.

Current Level Support Resistance Last week’s range
NZD/USD 0.6918 0.6900 0.6975 0.6849 – 0.6992

It’s been a week of choppy price action for the New Zealand dollar. The local currency has twice rallied toward 0.7050, but both times the move has been short lived and we’re now trading back around the increasingly familiar 0.7000 level. It’s hard to see a significant move to the downside unfolding especially in light of yesterday’s stronger than forecast NZ inflation result and patchy US data releases. We expect further ranging between the broad parameters of 0.6900 and 0.7100 over the coming week. The risks look to be skewed toward price action in the upper part of that range.
The current interbank midrate is:    NZDUSD 0.6992

The interbank range this week has been:    NZDUSD 0.6986 – 0.7052

The New Zealand dollar was under relentless pressure from the USD for much of last week trading to a low of 0.6908 early on Thursday morning. That’s when President Trump caught the market off guard with comments published that he likes a low interest rate policy and that the USD was too strong. This immediately saw the US dollar under pressure across the board. The NZD jumped a full cent against the USD in the hours that followed and it’s now comfortably trading around the 0.7000 area. At this stage there is significant support around 0.6900 and just below that level and we suspect that will continue to contain any periods of NZD weakness in the near term.

Current Level Support Resistance Last week’s range
NZD/USD 0.7013 0.6900 0.7100 0.6910 – 0.7035

The New Zealand dollar remains under some pressure from the USD. It is now trading at 0.6950 after a 0.6920 low (1 month low) overnight. Economic data still supportive of the NZD but the market is very much reactive to USD moves for the time being. Look for move to the 0.6900 level over the coming week.

Current Level Support Resistance Last week’s range
NZD/USD 0.6959 0.6900 0.7020 0.6922 – 0.7000

The New Zealand dollar has had a choppy few days ranging from 0.7021 to 0.6938 against the US dollar. Now back at 0.6963, economic data remains supportive but it’s vulnerable to any powerful USD move on the jobs figure tonight. Look for test of 0.6900 over the next few days if we do indeed get a solid US employment number.
The current interbank midrate is:    NZDUSD 0.6969

The interbank range this week has been:    NZDUSD 0.6942 – 0.7022

The New Zealand dollar continues to range trade against the USD albeit with a weaker tone. Upside resistance at 0.7080 unlikely to be threatened this week, especially ahead of what are expected to be solid US jobs data. We favour a drift to test support at 0.6975. A break of which would target 0.6950 and below.

Current Level Support Resistance Last week’s range
NZD/USD 0.6994 0.6975 0.7080 0.6976 – 0.7046

The New Zealand dollar has drifted lower as the week draws to a close, now trading around 0.7000 having fallen from around 0.7040 yesterday.  A lack of local data has contributed the directionless trade of late and unless something happens to really drive the USD, we could be in for more of the same early next week. Given the slightly stronger USD a test of 0.6975 is on the cards to finish the week/month/quarter. Support should hold at 0.6975 with next stop at 0.6950, but we think that’s next week’s story.
The current interbank midrate is:    NZDUSD 0.7000

The interbank range this week has been:    NZDUSD 0.6995 – 0.7068

The New Zealand dollar continues to perform solidly on the back of the weaker USD. It is now at 0.7041 after an overnight high of 0.7066 and remains reliant on USD moves as it consolidates in a broad 0.7000-0.7090 range.

Current Level Support Resistance Last week’s range
NZD/USD 0.7041 0.6975 0.7080 0.6995 – 0.7089

The New Zealand dollar has had a reasonable week continuing to hold over the 0.7000 level against the USD. Having made a high of 0.7055 overnight is now at 0.7025 and should consolidate in the 0.7015/40 range to close the week. However it is very dependent on US direction after the Health care bill vote.
The current interbank midrate is:    NZDUSD 0.7023

The interbank range this week has been:    NZDUSD 0.6979 – 0.7089

The New Zealand dollar has rallied back over the 0.7000 level as the USD tone weakened after the Fed rate hike. The New Zealand dollar, after spiking to 0.7072 overnight, is now back at 0.7050 reversing the previous weaker trend. If it can continue consolidating at current levels a move back over 0.7100 looks probable over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7045 0.6975 0.7080 0.6894 – 0.7072

The New Zealand dollar after having a good run back over USD 0.7000 to a high of 0.7047 was knocked back by the weaker Q4 GDP figure. Currently back at 0.6979, expect consolidation at current levels but we look for a move back towards the 0.07030/40 level next week.
The current interbank midrate is:    NZDUSD 0.6981

The interbank range this week has been:    NZDUSD 0.6893 – 0.7048

The New Zealand dollar has proven more resilient over the last few days against the USD, building a base around the 0.6910-0.6950 level after being knocked to a low of 0.6890 after the weaker GDT auction results. This week’s FOMC meeting is crucial for direction and with a rate increase built in to pricing, unless the accompanying Fed press statement is very hawkish, we look for the NZD to probe higher to the 0.6970/90 level.

Current Level Support Resistance Last week’s range
NZD/USD 0.6920 0.6860 0.6975 0.6891 – 0.7016

The New Zealand dollar has had a sad week. It’s hard to believe that last week the New Zealand dollar was up at 0.7235 against the current level of 0.6896. Although the GDT auction results didn’t help the NZD it has really been the turnaround in USD sentiment that has hurt the NZD. Next level is 0.6860 but given the large fall already seen, if it can consolidate at current levels and build a base, any further dips may be shallow and held by the 0.6860 support level. Any significant rally however is very unlikely ahead of the FOMC meeting next week.
The current interbank midrate is:    NZDUSD 0.6909

The interbank range this week has been:    NZDUSD 0.6891 – 0.7046

The New Zealand dollar continues to move lower against the stronger USD trend. It slipped from a high yesterday at 0.7044 and is now struggling at 0.6995. The next support is around 0.6960 region and this looks likely to be targeted over the next 24 hrs, a break of this level would open the way for 0.6860/80 region. Friday’s payroll data will be pivotal for future NZD direction.

Current Level Support Resistance Last week’s range
NZD/USD 0.7001 0.6960 0.7045 0.6984 – 0.7238

The New Zealand dollar was knocked hard overnight making a low of 0.7049 and is currently back at that level. Fundamentals continue to be solid, but it is now all about the USD and we look for a test of 0.7000 heading into next week. Good US payrolls would pressure the New Zealand dollar further and see a move into the 0.6900 region.
The current interbank midrate is:    NZDUSD 0.7041

The interbank range this week has been:    NZDUSD 0.7038 – 0.7238

The New Zealand dollar is still hanging on in there, now trading around 0.7180 to the USD. It’s had a 0.7245-0.7171 range over the week and looks to be marking time ahead of Trump’s address and Friday’s US jobs data. Economic data continues to remain supportive but the USD will be the driver over this week. Any retracement should find support at 0.7130 then 0.7100. It will find an upside break over 0.7230 hard going ahead of Fridays US payroll data.

Current Level Support Resistance Last week’s range
NZD/USD 0.7184 0.7130 0.7240 0.7150 – 0.7245

The New Zealand dollar heads into the closing stages of the week on a firm footing, after staging a strong recovery from the midweek lows of 0.7130. Broad based USD weakness in the past 24 hours has certainly helped the local currency that traded to a high of 0.7246 last night. The United States dollar saw some pressure in the wake yesterday’s morning’s release of the Fed minutes, and it’s been compounded by the growing realisation that Trump’s reflationary policies are still a long way from actually been implemented. It may well be some time next year before the positive effects of potential tax cuts and infrastructure spending are actually felt on the ground. In the meantime NZ economic fundamental remain very supportive and this should continue to see dips in the New Zealand dollar well supported.
The current interbank midrate is:    NZDUSD 0.7222

The interbank range this week has been:    NZDUSD 0.7150 – 0.7245

The New Zealand dollar has drifted lower against the United States dollar today and currently sits around 0.7160.  If 0.7150 breaks look for a test of 0.7100 Wednesday’s global dairy auction should provide some support if prices remain firm but as always the USD reigns on this cross and the FOMC minutes have potential to further pressure the New Zealand dollar.

Current Level Support Resistance Last week’s range
NZD/USD 0.7155 0.7100 0.7240 0.7137 – 0.7242

The New Zealand dollar, after trading as low as 0.7133 this week, is now back at 0.7212 on USD pullback overnight. It looks to be consolidating around current levels and has potential to push back over 0.7250 to test resistance at 0.7260 targeting 0.7300 next week.
The current interbank midrate is:    NZDUSD 0.7206

The interbank range this week has been:    NZDUSD 0.7137 – 0.7242

The New Zealand dollar, after trading as low as 0.7154 yesterday, is marginally higher at 0.7180 as it continues to suffer the fallout from last week’s softer than expected RBNZ statement and the better USD sentiment. Next major support level is around 0.6860 last seen on 23rd December 2016, but given the still solid economic data we doubt this level will be threatened anytime soon. Immediate support is around 0.7115 but if Trump’s US tax plan disappoints, look for a bounce back to 0.7300 and above.

Current Level Support Resistance Last week’s range
NZD/USD 0.7181 0.7115 0.7260 0.7174 – 0.7374

The New Zealand dollar opens lower again against the USD at 0.7182 after the market further digested yesterday’s more dovish than expected, RBNZ statement. As we have already stated economic fundamentals remain positive so we still favour buying the New Zealand dollar on dips. Immediate downside is around 0.7170 then 0.7150. We expect consolidation at current levels and above as we head into next week.
The current interbank midrate is:    NZDUSD 0.7202

The interbank range this week has been:    NZDUSD 0.7179 – 0.7374

The New Zealand dollar opens the week after the Waitangi Day holiday around 0.7310 against the United States dollar. It seemed to be little affected by the US payroll data and continues to attract good support having seemingly shrugged off last week’s disappointing unemployment figures. A hold over 0.7300 is positive, with an advance back to the 0.7320 level presenting an opportunity to target 0.7400 on any USD weakness. Thursday’s RBNZ statement is unlikely to cause any surprises, but any firmer stance on inflation in the subsequent press release would encourage buying interest.

Current Level Support Resistance Last week’s range
NZD/USD 0.7358 0.7280 0.7350 0.7244 – 0.7369

The New Zealand dollar has had a mixed week after the disappointing jump in the unemployment figure saw the NZD drop from a 0.7248 high to 0.7269. It has recovered some ground however and is now back at the 0.7288 level. Trading today has been subdued in part to the holiday weekend for Waitangi Day but also as the US non-farm figure looms later tonight. A push back over 0.7315/20 would target another tilt at 0.7400 but this would be for next week and very dependent on tonight’s US data.
The current interbank midrate is:    NZDUSD 0.7276

The interbank range this week has been:    NZDUSD 0.7233 – 0.7347

The New Zealand dollar is still holding firm against the USD, as the economy continues to provide solid performance. Currently sitting around 0.7280 after a high of 0.7290 overnight, next stop is 0.7315 which if breached would target 0.7400, but given the large US data dump this week the market will be less inclined to push the New Zealand dollar that far ahead.

Current Level Support Resistance Last week’s range
NZD/USD 0.7287 0.7235 0.7315 0.7210 – 0.7311

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.